Tag Archives: bailout

General Motors Has Totally Sold Out!

If in the middle of the 2009 a regulatory filing revealed that accounting firm Deloitte & Touche, the company’s auditor, has “substantial doubt” that the disturbed automaker can stay in business, today’s news even more shocking and suppressing for every American. The once largest and major automaker in the world, General Motors has totally sold out to the biggest Chinese Corporation BYD auto!

And this is was the first reaction of the GM’s chancellor Erroll B. Davis, Jr.:

GM’s rival Ford Motor, which has avoided federal aid, is planning to restructure its debt to steady its finances.

“This is a big shock not only for America but for the rest of the world! We are not willing to sell out our biggest company to Chinese rivals, we are not GM!”